2 More Stops to Travel 10 Years BACK INTO THE PAST
FOLLOW REMEMBER REVERSALS FROM EXTREME HARMONIC LEVELS ARE EXTREMELY QUICK
Strong reversal from Fib level in last session... Above 10170 for 10270,10470,11000 Below 9850 for 9750,9550,9000 Critical Zone- 9850-10170(sideways) Follow us to get more views on your requested stocks & learn technicals *All views for Educational purpose, Trade at your own risk
I believe that sometimes supply and demand will not work in the news base market. I don't know where and when the market will make bottom but As per my limited knowledge, there are multiple supports near the 6300-7000 zone on weekly as well as a monthly chart. According to this analysys, I don't think in the worst case the market will easily sustain below this zone.
last month nifty already reverse the uptrend if it goes below 7800 level nifty will hit 7000-6800 mark... nifty right now at very crucial point.. buy in nifty will trigger @8450 and above target will be 8800-9000... short will trigger @7800... trade wisely
All important level market in chart. 1. More time a support/resistance/trend line is tested, weaker it becomes. 2. Previous support act as resistance as support, and resistance as support.
NIFTY may see some temporary recovery around 9000 levels. If it holds 8800 to 9000 zone it will act as a strong support if not it will try to correct further to 6970. Long term investors can plan to accumulate more once NIFTY settles. As of now doesn't seem to settle around 9000 level.
Nifty has been free falling since the onset of COVID19. Also OIL,GOLD,Bonds falling too. Cities going into lock down. Fear of Pandemic is driving masses crazy and toppling the economies world around. Lets see where the fall stops. Levels are marked for reference only All for the purpose of Study and analysis NO recommendations
TAKE LONG POSITION.....EXPECTING BIG UPTREND WITHIN ONE WEEK
Nifty looks like, possibly doing a Flat correction in Wave4 of minor degree. If the Low holds, we cud c another possible bull run nxt yr onwards until 2023-2024 !!!
NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER...
FOLLOW TRADE AT YOUR OWN RISK
FOLLOW TRADE AT YOUR OWN RISK
FOLLOW STOPLOSS IS TRENDLINE ON CANDLE CLOSE BASIS USE ONLY HEIKIN ASHI
Above 10450 there are multiple supply zones and on the downside, there is a major demand zone @ 10125-10390. This is the last hope level. Once it sustains below this level the next level is 9850-9775. But it’s not easy to break 10125-10390 straight away. If Nifty will sustain above 10470-10500 then it may bounce to 10585-10680. Above 10585-10680 the next...
Nifty 50 has the tendency to fall beyond 10500.